On 2 acres! Has 5 units! Huge income potential! C. 1872 multifamily in New York. $395,000.
This property is a beautiful example of historic architecture that has been well-maintained over the years. It stands out because of its unique look and its large size. It offers a great mix of old-world charm and modern use.
17 Central Ave, Fredonia, NY 14063
Price: $395,000
The Striking Exterior and History
The house was originally built in 1872 as a large family home. It is made of brick and features very detailed trim work that is hard to find today. The most eye-catching part of the building is the signature tower that rises above the roofline.
The brickwork is in great shape and gives the building a very solid and grand feel. It sits on a large lot with plenty of green space and old trees. This setting makes the property feel private even though it is close to the heart of town.
Features:
- Built in 1872
- Striking brick exterior
- Detailed trim work
- Signature tower
- Ornate architectural features
- Historic charm
A Smart Investment Opportunity
The building is no longer just a single home. It has been converted into five separate apartments and one office suite. This makes it a great choice for someone looking to earn rental income.
The residential units are currently rented out, which means there is money coming in right away. The office suite was used by the owner before and is now ready for a new tenant. You could even use the office yourself while managing the other units.
Features:
- 5 residential units
- 1 professional office suite
- Fully rented apartments
- Immediate cash flow
- Office suite ready to lease
- Investment potential
Space and Layout
The building is quite large, with about 4,600 square feet of interior space. This size allows for comfortable living areas in each of the units. Large windows are found throughout the building, letting in plenty of natural light.
The tall ceilings and historic layout make the apartments feel open and airy. Each unit has its own character because of the original design of the house. Tenants often look for these kinds of details that you cannot find in newer apartment buildings.
Features:
- 4,600 square feet of space
- Large windows
- Natural light in all units
- Spacious interior
- Multiple floor levels
- Unique unit layouts
Large Lot and Landscaped Grounds
One of the best parts of this property is the land it sits on. It covers nearly four acres, specifically 3.94 acres. This is much more land than you usually get with a property so close to the center of Fredonia.
There are many mature trees that provide shade and a nice view from the windows. The open green space is perfect for tenants to enjoy the outdoors. It also adds a lot of curb appeal and value to the property as a whole.
Features:
- 3.94 total acres
- Mature trees
- Open green space
- Private setting
- Excellent curb appeal
- Large parcel of land
Living in Fredonia
The location on Central Avenue is very convenient. It is easy to get to local shops, restaurants, and parks. The area is fairly walkable, so you can run errands without always needing a car.
Fredonia is a nice place to live with a strong sense of community. This property is close to major plazas and the hospital system. Being near the SUNY Fredonia campus also helps keep rental demand high for properties like this one.
Features:
- Central location
- Fairly walkable area
- Near shopping centers
- Close to local parks
- Near Brooks-TLC Hospital
- Strong rental market
Final Thoughts on This Property
This is a rare chance to own a piece of Fredonia history. The combination of the 1870s brick architecture and the income from the apartments makes it very special. It is a solid building with a lot of character and plenty of land.
Whether you want to be a landlord or just love old houses, this property has a lot to offer. The tower and the brick details make it one of the most interesting buildings in the neighborhood. It is ready for its next owner to take over and enjoy.
Features:
- Historic brick tower
- Multi-use building
- Large 4,600 sq ft size
- Almost 4 acres of land
- Close to downtown amenities
- Ready for immediate occupancy
From Zillow
Step into a rare opportunity to own a truly iconic property. This stunning historic mansion combines timeless architecture with proven income-producing performance, making it a standout investment or unique live/work opportunity.
Originally built as a grand residence, the property has been converted into 5 apartments plus an office suite, offering immediate cash flow with upside potential. All residential units are currently rented, while the office suite—previously owner-occupied—is ready to be leased, providing an additional income stream.
From the striking brick exterior and detailed trim work to the signature tower and ornate architectural features, the property maintains its historic charm while serving a modern purpose.
Large windows throughout provide natural light across multiple units, enhancing tenant appeal and long-term desirability. Situated on a spacious parcel with mature trees and open green space, the setting offers privacy, curb appeal, and added value for both tenants and future use.
?? INVESTMENT HIGHLIGHTS Listing Price: $395,000 5 Residential Units + 1 Office Suite All Apartments Currently Rented Additional Income Potential (Vacant Office Suite) Approx. 4,600 Sq Ft (to be verified) Historic Property with Strong Rental Appeal Flexible Use Potential (investment, mixed-use, or owner-occupied) ?? PROPERTY DETAILS Address: 17 Central Ave, Fredonia, NY Parcel ID: 113.11-3-58.2 Ownership: 17 Central Avenue LLC Managed by Adrian Jessome LLC
Whether you’re looking to expand your portfolio, secure a unique mixed-use property, or own a piece of history that generates income—this opportunity checks every box. Opportunities like this are rare. Ask about current rents, lease terms, and income potential.